Our presence stopped so much fraud before it ever happened. Consumers have no idea what they’re in for.”

we, as appraisers, can see it but are not in any way formidable enough to stop the upcoming carnage

Data cancer follow up comment. Data cancer is now self sustaining. Why and how. CU systems relation. Ordering process. There will be no automated or regulatory solution to answer the problems created by abandoning a workable industry standard which was; full service appraisal requirements for the majority of origination. Tracking back full circle how the release of the CU data by the FHFA was mistakenly interpreted as biased appraisals. Exclusion of the majority of the appraiser workforce from GSE lending and CU database inclusion. AVM over valuation systemic problems. How the expansion of waivers, rising demins, hybrid products, all contributed to the problem. Close out with simple solution suggestions.

Hopefully someone is listening. Thank you.

Found a meme on that point a while back.

The concern you raise about the GSEs pushing appraisal waivers under the guise of “value acceptance” is not only misguided but also detrimental to the integrity of the housing market. We’ve seen firsthand how these policies can artificially inflate prices, leaving unsuspecting buyers holding the bag when the market inevitably corrects itself.

I also appreciate your mention of the growing risk to mortgage-backed securities (RMBS) and how these inflated comps could lead to a higher risk of defaults, ultimately raising mortgage rates in the long run. If the industry continues to prioritize volume over quality, consumers and taxpayers will bear the brunt of these poor decisions.

As you point out, appraisers are the last unbiased party in the transaction, and their expertise in determining market value has never been more critical. The reliance on algorithms and software is problematic because, as you’ve rightly said, these systems can’t replace the nuanced judgment of a human professional.

While some argue that appraisal waivers save consumers money, the hidden cost—whether it’s in the form of inflated prices, future litigation, or a shaky housing market—far outweighs the initial savings. As appraisers, we are expected to be impartial, objective, and thorough in our work, and it’s disappointing to see the GSEs undermine this role.

Sacramento Real Estate Appraiser

Sacramento Real Estate Appraiser

February 10, 2025, 3:11 pm By Jeff Andrews
A top law firm is investigating the role of appraisal management companies (AMCs) in driving up appraisal costs. The firm is asking homebuyers to contact them if they feel they’ve been overcharged or misled about how much of the appraisal fee goes to an AMC versus how much goes to the appraiser.

In a blog post on its website, law firm Morgan & Morgan said that AMC involvement in the appraisal process is potentially concerning because of a perceived lack of transparency, inflated costs and limited additional value to the consumer.

https://www.housingwire.com/articles/law-firm-opens-investigation-appraisal-fees-management-companies/

no cfpb to cover for their amc minions…i mean public trust i cant stop laughing

Retired, at least I’ve done something.

I pose the question again – What did YOU DO for the appraisal profession before you rolled over and quit?

You don’t need to answer because we know – nothing.

Your snark, insults, and weak trolling belong on reddit, not here. Quit living in the past and move on.

And how are 16 years of letter writing and meetings working out for you Eric? Do elaborate.

https://www.appraisalinstitute.org/advocacy/appraiser-diversity-initiative
TAF newsletter today, more parea. If you have been a victim of discrimination, call the HUD hotline…

For all these appraisal groups to push issue after issue while ignoring the multiple elephants in the room. Hard to take them seriously.

From the CO appraiser group; With lending work slowing to a crawl, many appraisers have expanded their type of work. Expert witness testimony can be a critical component in non-lender work. This course will discuss /

To all the appraisers who said; just get away from lending work. That safe space with adequate opportunity is going away. There is forty thousand new appraiser applicants flooding that portion of the industry. How will they manage the constant stream of interested appraiser applicants? Amc’s perhaps? And who will the amc’s market to now that a substantial portion of the lending work is going away? Lawyers perhaps? NAR? At this point the big amc’s send more work to realty people than they do appraisers. Why do they even still call themselves appraisal management companies? Is their licensing oversight even applicable?

Those appraisers whom did not stay current with the lending world are going to get caught off guard. They’ll be in court talking about the reliability of previous bonafide sales, only to be challenged why they’re relying on sales data which was made possible by pdc hybrids and waiver programs. Not quite as reliable as presumed. AI may want to beef up their jewelry, art, and equipment valuation outreach divisions. The golden goose has laid the last egg.

https://www.thegatewaypundit.com/2025/02/elon-musks-doge-team-enters-consumer-financial-protection/

that is good news for appraisers and bad news for the unethical stakeholders…

appraisers are good lap dogs…rolling over to the whims of TAF and the unethical stakeholders…now they are reaping what they have sown

Flipping is really hard without a real estate license to reduce the listing cost fee. I am a an appraiser, broker owner and manage my property rentals for income and write off. Rather than to risk your own capital, I am choosing to just join them on the lending side as a mortgage loan originator with passing a 20 hour course. Less risk and extra cash flow.

When the rates come down or not lending will get busy in 2025 and 2026 due to home owner home equity.

you talking to me…

In other words, you’re just a troll. Congratulations on becoming a teenager again.

appraisal shills come in all sizes and shapes…some posters would be better off on the private amc forums where they can discuss how men are women and other woke jokes…im never rolling over because i annt no lap dog

Fair enough.
Truth be told I’ve got my escape plan. I’m working other ventures as I’ve waivered in recent years as to hanging up the clip-board or not. I’m not naive to the fact walls are closing in on the profession. The GSE’s hate us, and we have zero support or real representation anywhere. As Bags stated the public has no idea what we are up against and what’s coming for them. Who knows, maybe the gov’t can find $300B for Fannie and Freddie in the next 2 years which they will need.

But every day I keep grinding this out as a middle finger to the PTB, in hopes that maybe this thing can turn around. Its delusional, I know. I just hate losing, and I hate being told what to do by those who don’t know.

I can handle most of the bureaucratic BS, but the new 1004 form launch will be my personal line in the sand if I can remain profitable. If not, maybe I’ll concede and go flip houses like retired appraiser. Hell, maybe I’d even have a whiskey with him.

Go ahead and cancel the office space lease. Now that GSE appraisers are written out of full appraisal service, whom performed the predominant volume of appraisal work for the sales which all other non lending appraisers rely upon… There will be little point or merit in using independent valuation services anymore for non lending work in the not too distant future. The systematic conscious dismantling of the residential real estate appraisal industry continues unabated.

The history is complicated. Passion for the American dream of home ownership and consumer protection only goes so far. Retired was just as motivated to save the profession many years ago. Now he’s the constant protagonist, the devils advocate. Regrettably a continuation of the effort these many years later did not yield positive results.

American consumers whom seek to utilize GSE lending services are now on their own. Alone in the fish bowl, a myriad of predatory interests running roughshod over any existing protection which interferes with the profit machine. A few licensed persons in the mix, far fewer effective checks and balances.

The reason the appraisal industry was worth saving, and has been systematically dismantled over decades, is because independent appraisers are among the most effective deterrents to institutionalized fraud and predatory lending activity. Our presence stopped so much fraud before it ever happened. Consumers have no idea what they’re in for.